Cryptocurrency encryption: Bitcoin precipitates at a minimum of 14 months in the bloodbath, Ethereum drops to two digits, Bitcoin Cash SV exceeds Bitcoin Cash ABC – Friday, December 07

Cryptocurrency encryption: Bitcoin precipitates at a minimum of 14 months in the bloodbath, Ethereum drops to two digits, Bitcoin Cash SV exceeds Bitcoin Cash ABC – Friday, December 07

BTC / USD: Bitcoin prices continue to be in the bearish zone, plunging to a minimum of 14 months during the last European session on Friday, with the encrypted markets crashing at the lowest this year. According to a report by NewsBTC, more than 12% of the cryptocurrency has been downloaded, with a $ 15 billion collapse under the market capitalization of USD110 billion, a new low for the year. At the time of writing, BTC / USD lost 2% to 3,461.20. Meanwhile, short-term support was seen at $ 2,900.00 and resistance at $ 3,900.00.

Market update: Greater exchange of cryptocurrencies Coinbase has filed to obtain the approval of the new trademark for "BUIDL" and has submitted the request to obtain approval for the "Build" brand of miss-spell word as "BUIDL", reported CoinGape.

ETH / USDIn line with Bitcoin, Ethereum also plunged into the bloodbath, losing proportionally higher than Bitcoin and plunging into double digits during Friday afternoon trading hours. On a weekly basis, Ethereum lost about 31.4%, while monthly losses approached 60%; the maximum of the day was seen at 93.60 and low at 83.00. At the time of writing, ETH / USD fell more than 6 percent to 86.22. Meanwhile, short-term support was seen at $ 75.00 and resistance at $ 105.00.

XRP / USDIn addition, Ripple remained in the red zone during Tuesday's afternoon session, recording a similar fall in his broader peers, again due to the massive previous sales that affected the sentiment of panic among investors. At the time of writing, XRP / USD lost 2.50% to $ 0.30289. Meanwhile, short-term support was seen at $ 0.2500 and resistance at $ 0.3500.

BCH / USD: Bitcoin Cash, remained mixed, with BCH / USD (ABC) tracing the footsteps of its larger peers, while BCH / USD (SV) has effectively reversed the momentum to trade higher. Not only that, but also this last managed to outperform the first, distorting the entire hard fork that happened late. At the time of writing, BCH / USD (ABC) fell 3.35% to $ 102.456, while BCH / USD (SV) gained almost 4% to 104.093; short-term support for SV is seen at 93.00 and resistance at 113.00.

Market update: According to a report by CryptoPotato, "After losing the competition by popularity, Craig Wright stated that BSV and his team would build their brand without claiming Bitcoin Cash. This development helped increase the credibility of the project and fired at the coin the seventh position in the classification of global cryptocurrency CMC ".

EOS / USD: Nothing different, the EOS, also showed red signals between the confusion of investors to find a correct direction in the digital currency market. However, the degree of loss was relatively higher than its peers. At the time of writing, EOS / USD plunged from 8.13% to $ 1.6990. Meanwhile, short-term support was seen at $ 1.60 and resistance at $ 2.00.

LTC / USD: Litecoin, also equals its counterparts, down, in line with the general downward momentum of the market. At the time of writing, LTC / USD remained more than 4 percent lower at trade at $ 25,741. Meanwhile, short-term support was seen at $ 16.00 and resistance at $ 30.00.